Pakistan: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Pakistan

The Pakistani market for pneumatic or hydraulic hand tools expanded remarkably to $X in 2021, rising by 6.9% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. Over the period under review, the market attained the peak level at $X in 2019; afterwards, it flattened through to 2021.

Production of Pneumatic Or Hydraulic Hand Tools in Pakistan

In value terms, pneumatic or hydraulic hand tool production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 43%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Pakistan

Pneumatic or hydraulic hand tool exports from Pakistan surged to X tons in 2021, jumping by 255% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and Germany (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Pakistan, together comprising 69% of total exports. Tanzania, Canada, Slovakia, Saudi Arabia, Oman and France lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +386.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Pakistan, comprising 68% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+46.7% per year) and the United Arab Emirates (+6.2% per year).

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, picking up by 7.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 102% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Pakistan

After two years of decline, overseas purchases of pneumatic or hydraulic hand tools increased by 31% to X tons in 2021. In general, imports posted mild growth. The pace of growth was the most pronounced in 2016 with an increase of 97% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed temperate growth. The pace of growth was the most pronounced in 2014 when imports increased by 85% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to Pakistan, accounting for a 40% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+1.8% per year) and the United States (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Pakistan, comprising 42% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.6% per year) and Japan (-1.8% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2020 an increase of 24% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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